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BP's 3Q Interim Dividend for 2014

Nov 13, 2014

The Directors of BP p.l.c. announced that the interim dividend for the third quarter 2014 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on 19 December 2014 to shareholders on the share register on 7 November 2014…

Maersk Line Q3 Performance Better

Nov 13, 2014

Maersk Line said it has achieved improved results in the third quarter of 2014 (Q3) through lower costs and increased rates.Revenue in Q3 was $7.074 million, as volumes increased by 3.7% to 2.4 million FFE. Maersk Line said its strategy…

Tilbrook Joins Woodside Board

Nov 13, 2014

Woodside has appointed Mr Gene Tilbrook to its Board as a non-executive director effective 4 December 2014. Mr Tilbrook joins Woodside as an independent director.Mr Tilbrook has broad experience in corporate strategy, investment and finance…

Women Needed for Shore Programs

Nov 13, 2014

Career opportunities for active-duty female Sailors are abundant with the Women Ashore program, Navy detailers said Nov. 12.'There are opportunities for female Sailors to earn their Instructor Navy Enlisted Classification (NEC) (9502)…

EnQuest Reports Strong Production Growth

Nov 13, 2014

EnQuest reported its production from 1 January to 31 October 2014 averaged 27,567 Boepd, up c.19.2% on the same period last year.  This reflects strong production from EnQuest's existing hubs and from the newly acquired assets in Malaysia and Tunisia…

Petrobras Completes Sale of Peru Assets

Nov 13, 2014

Last Thursday (November 6th), at a formal ceremony in Lima, Petrobras completed the sale of 100% of the shares of its wholly-owned subsidiary Petrobras Energia Peru (PEP) to the China National Petroleum Corporation (CNPC), for the sum of US$2…

Gazprom & Moldovagaz Extend Gas Contracts

Nov 13, 2014

Gazprom and Moldovagaz signed supplements to the existing gas supply and transit contracts in Chisinau today. The documents inked as part of a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Adrian Candu…

Seaspan Acquires 6th 10K TEU Boxship

Nov 13, 2014

Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the MOL Breeze. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's sixth 10000 TEU SAVER design containership delivered in 2014…

MARAD Releases Port Planning and Investment Toolkit

Nov 12, 2014

New Toolkit Will Assist U.S. Ports in Securing Funding for Infrastructure Projects  The U.S. Department of Transportation’s Maritime Administration (MARAD) today released the first module of the Port Planning and Investment Toolkit, a manual designed to aid U…

MOL Forms New Medium Range Tanker Pool

Nov 12, 2014

MOL, Ultranav, OSG and Asahi Tanker reach agreement to pool product tanker operationMitsui O.S.K. Lines, Ltd. (MOL) announced that a pool agreement governing the formation of a new medium range pool has been signed among the partners: MOL…

Accidental Release of CO2 System

Nov 12, 2014

USCG stresses importance of design and testing of emergency system controlsThe U.S. Coast Guard (USCG) issued a safety alert to remind shoreside and vessel personnel of the importance of designing and maintaining emergency systems to be logical and easily operated in high stress situations…

New Director on Odfjell Board

Nov 12, 2014

Odfjell SE held a general meeting November 12, 2014 at which the nomination committee elected Annette Malm Justad as its new director of the board.Annette Malm Justad is a Norwegian citizen born in 1958. She has a master's degree in chemical…

YoungShip Launches in Texas

Nov 12, 2014

Mitchell Machann, an associate in Blank Rome LLP’s Houston office, recently co-founded YoungShip Texas with TITAN Salvage’s Lindsay Malen. This new branch is the 18th in YoungShip International’s global network, and the first in the United States…

Trumf Bunker Promotes Pedersen

Nov 12, 2014

Joachim Kjaeldgaard Pedersen has been promoted as Trumf 's Head of Trading, Europe & Americas.Pedersen has been with Trumf since 2009 and has shown strong commitment and willingness to lead and train the company’s bunker suppliers. This, combined…

CMA CGM to Apply Low Sulfur Surcharge

Nov 12, 2014

CMA CGM said it will implement a low sulfur surcharge on all its trades in Emission Control Areas (ECAs) and for all cargos as of January 1, 2015.MARPOL Annex VI regulations for the prevention of air pollution from ships assign Sulfur Oxides…

Logistics News

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Baltic Index Hits Almost Five-Year High

Baltic Index Hits Almost Five-Year High

PANYNJ, CALSTART Launch Electric Truck Incentive Programs

PANYNJ, CALSTART Launch Electric Truck Incentive Programs

Lloyd’s Register, MARIC Secure AiP for Tri-Fuel Tanker Concept

Lloyd’s Register, MARIC Secure AiP for Tri-Fuel Tanker Concept

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